Prices little changed as traders head to sidelines

Prices little changed as traders head to sidelines

Volatility from Fed move keeps markets cautious overnight. (Audio)

Grain prices are little changed overnight. While the Federal Reserve doesn’t have much to say about agriculture, the potential for volatility today as the central bank discusses raising interest rates is sending traders to the sidelines. Open interest dropped across the board yesterday in corn, soybeans and wheat, with thin trading in corn especially noticeable.

You can listen to Bryce's comments using the audio player below.

Potential for volatility is sending traders to the sidelines with open interest falling.

Bryce Knorr first joined Farm Futures Magazine in 1987. In addition to analyzing and writing about the commodity markets, he is a former futures introducing broker and is a registered Commodity Trading Advisor. He conducts Farm Futures exclusive surveys on acreage, production and management issues and is one of the analysts regularly contracted by business wire services before major USDA crop reports. Besides the Morning Call on www.FarmFutures.com he writes weekly reviews for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. His other weekly reviews on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.

TAGS: USDA
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